Operating profit of takaful in Malaysia 2014 to 2023

Published by
Amanda Siddharta,
Sep 25, 2024

In 2023, takaful in Malaysia recorded an operating profit of approximately 55.61 million Malaysian ringgit, a decrease from around 101 million Malaysian ringgit in the previous year. The operating profit of takaful was at its highest in 2018, at nearly 832 million Malaysian ringgit. Takaful is an Islamic insurance based on sharia law, and members contribute money into a pool system to insure against loss or damage.

Operating profit of takaful in Malaysia from 2014 to 2023 (in million Malaysian ringgit)

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Release date

June 2024

Region

Malaysia

Survey time period

2014 to 2023

Supplementary notes

1 Malaysian ringgit is equivalent to 0.24 U.S. dollars and 0.22 euros as of September 2024.

Values have been rounded.

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